Turkey
HighTUR · TR · EuropeDocumented weaknesses. Expect enhanced due diligence to be needed.
naming in G7 advisories as a re-export corridor, dual-use goods routed onward
high adoption with supervision still maturing
common cash purchases and non-resident ownership
baseline jurisdiction risk
a transit point for aid bound for conflict regions
ownership traceable through the local register
Turkey is rated High at base, which is the view a payment services provider would take.
The rating is not the same for every business. For trade and import/export it reads Severe, because of naming in G7 advisories as a re-export corridor. For payments it reads High, because of baseline jurisdiction risk. One number cannot carry both, which is why the sector view exists.
The practical question is whether the underlying trade is what it claims to be. Goods and payments routed onward are the recurring pattern, so corroborate the end destination rather than the immediate counterparty.